In accordance with Article 75 para. 8 WAG 2007 (Securities Supervision Act), the Financial Market Authority (FMA) has published on its website the bands of customary charges levied by investment firms. According to the Act, this data must be gathered by the statutory interest group of the financial service providers, the Association of Financial Service Providers of the Austrian Federal Economic Chamber (WKO). This association has now collated the data regarding “Charges levied by investment firms”, “Charges levied by issuers” and “Custodian bank fees” and has presented the information to the FMA, which has published it on its website. From now on, interested parties can find this information on the website of the FMAfma.gv.at (“Consumers and Investors”; available in German only).
This reporting of the bands of customary charges is intended to guide customers when they are looking for investment services. This is not a binding recommendation; market participants are free to charge beyond these bands. Nevertheless companies are obliged to refer customers to these customary charge bands published by the FMA.
For further information please contact
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-5106
+43/(0676)/882 49 516